REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
FOR |
CASTLE VILLAS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
FOR |
CASTLE VILLAS LIMITED |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CASTLE VILLAS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 1, Aireside House |
Royd Ings Avenue |
Keighley |
West Yorkshire |
BD21 4BZ |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
BALANCE SHEET |
27 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
BALANCE SHEET - continued |
27 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Fair value reserve | 12 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
1. | STATUTORY INFORMATION |
Castle Villas Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover represents net sales of services, the company is not registered for value added tax. |
INTANGIBLE ASSETS |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life down to its anticipated residual value. |
Land and buildings - Land - Nil, Buildings - 2% straight line |
Plant and machinery etc - 15% on reducing balance |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation |
and accumulated impairment losses. Cost includes costs directly attributable to making the asset |
capable of operating as intended. |
GOVERNMENT GRANTS |
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model. |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
2. | ACCOUNTING POLICIES - continued |
INVESTMENT PROPERTY |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
The methods and significant assumptions used to ascertain fair value of £1,606,151 and fair value movements of £-5632 included in the profit for the year were valued by the directors on an annual basis. |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
TAXATION |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 29 March 2022 |
and 27 March 2023 |
AMORTISATION |
At 29 March 2022 |
and 27 March 2023 |
NET BOOK VALUE |
At 27 March 2023 |
At 28 March 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 29 March 2022 |
Additions |
At 27 March 2023 |
DEPRECIATION |
At 29 March 2022 |
Charge for period |
At 27 March 2023 |
NET BOOK VALUE |
At 27 March 2023 |
At 28 March 2022 |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 29 March 2022 |
Additions |
Revaluations | (5,633 | ) |
At 27 March 2023 |
NET BOOK VALUE |
At 27 March 2023 |
At 28 March 2022 |
Fair value at 27 March 2023 is represented by: |
£ |
Valuation in 2022 | 985,636 |
Valuation in 2023 | 620,515 |
1,606,151 |
7. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
Outstanding loans are secured by fixed and floating charges over the assets of the company. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
A Ordinary | £1 | 100 | 100 |
B Ordinary | £1 | 100 | 100 |
1,200 | 1,200 |
12. | RESERVES |
Fair |
value |
reserve |
£ |
At 29 March 2022 |
Movement in the year |
(net of deferred tax) | (21,146 | ) |
At 27 March 2023 |
CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023 |
13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 27 March 2023 and the year ended 28 March 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |